Movers & Shakers: April 23, 2013

Botswana: DCI +0.09%, USD 156k

Outside of some BIHL action (90% of the daily turnover) the day was dead. BIHL closed at 1050t while we saw very small scraps trade in a few of the other names.

Egypt: EGX 30 +0.41%, USD 33m

The market managed to regain some of yesterday’s losses to end the day in the greens lead by notable buying from local institutional investors, leaving the EGX30 to end the day up 0.41% to close at 5,236.80 points. The market to traded very weak volumes compared to recent turnover, the market traded a total turnover of USD 33m. The market started the with notable buying lead by local investors( retail and institutional) to reach a high of 5255.49 points were names such as CCAP(+0.59%) and ETEL(+0.16) managed to gain investors interest, yet at med-session local retail investors turned to be sellers along with international institutional who have been notable seller for a while, name such as HRHO, PHDC and COMI witnessed notable profit booking to trade against the general market sentiment, each ending the day down 1.63%, 1.38% and 0.33% respectively.

Investor mix:
•  Foreigners were net Sellers by 17.79 mn EGP and were 19.04% of the market.
•  Egyptians were net Buyers by 8.09 mn EGP and were 74.53% of the market.
•  Arabs were net Buyers by 9.69 mn EGP and were 6.43% of the market.
•  Institutions were net Sellers by 1.88 mn EGP and were 31.85% of the market.
•  Retail were net Buyers by 1.88 mn EGP and were 68.14% of the market.

Kenya: NSE 20 -0.31%, USD 3.4m

Equity turnover climbed 42%, driven by increased local investor participation at 49% of trades compared to 43% in the previous session. The NSE 20 index eased 0.31% to 4,824.4 points, with 14 of the counters traded gaining, 26 declining and the rest remained unchanged. Safaricom maintained its position as the top mover accounting for 30% of volumes bolstered by strong foreign investor demand. Kenya Re was also fairly actively traded today gaining 0.9% to KES 17.65, ahead of its FY12 earnings release tomorrow. Standard group eased 7.3% to KES 31.75 after posting a 4% dip in FY12 EPS at the start of trading. Diamond Trust Bank recouped most of yesterday’s losses climbing 5.6% to KES 150.

Mauritius: Semdex +0.02%, USD 322k

You would be forgiven for falling asleep during the Mauritius session today as the day was extremely uneventful both in terms of activity and movement. The Sem-7 fell by 1 bp and this was caused by a gain of 27bps in Alteo to Rs36.90 and falls of 21bps and 24bps in ENL Land and Terra to Rs47.50 and Rs40.80 respectively.

Nigeria: ASI -0.01%, USD 24.99m

Outside of a couple of chunky crosses the market was very quiet. The banking sector was mainly focused on the strength in Zenith (+2.79%, N20.25) which saw some big volumes after the solid results yesterday. The rest of the sector was mixed as the BNK10 ended +41bps. In the consumers, a large cross in Guinness (-3bps, N260.02) was the biggest trade while NB (unch, N160) and Flourmills (+1.10%, N76.90) also saw some decent activity. Nestle fell 2.15% to N910.01 while Unilever gained 3.31% to N53.

South Africa: Top 40 +1.73%, USD 1.68bn

The JSE ended the day higher with the Top 40 Index gaining 1.73% to close at 34,166 while value traded amounted to USD 1.68bn. Industrials were the day's biggest gainers with the Index gaining 2.64% followed by Financials and Resources which gained 1.13% and 0.28%. The Rand was trading at 9.23 and 12.00 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.22%, USD 8.8k

Absolutely dire day in Lusaka with value traded amounting to a paltry 8.8k. There were tiny trades in ZSUG ($4.9k) and LAFA ($2.1k). Other than that there was absolutley nothing worth noting for today's session.

Zimbabwe: Industrials -0.08%, Mining -2.91%, USD 830k

Both the industrial and mining indices trekked southwards losing 0.08% and 2.91% to close today’s call at 188.37pts and 69.42pts respectively. Weighing on the industrials was a loss in heavy cap stock Econet that shed 3% to close at 62c while for the mining Falgold reversed yesterday’s gains by 2c to trade at 14c. Value traded surged 23% higher to $0.83m buoyed by volume trades in Delta and Old Mutual. Foreigners were net buyers with foreign buys increasing 28% to $0.53m. Foreign sales jumped 425% to $0.38m from $0.073m in the previous call.

African Currencies